Boards & Corporate Governance
HDFC Bank Defends Governance After Chakraborty Exit
Interim chairman Keki Mistry says external review found former chair’s concerns were not supported by records and interviews
Interim chairman Keki Mistry says external review found former chair’s concerns were not supported by records and interviews
The abrupt exit of HDFC Bank’s chairman, coupled with unusually sharp language in his resignation letter, has exposed a disconnect between board-level assurances and market expectations for transparency at a systemically important financial institution.
Atanu Chakraborty flags governance concerns in exit letter as ADRs drop and stock slides in Mumbai